Accenture, Guidewire Settle Patent Suits
Accenture and Guidewire Software Inc. have agreed to resolve all outstanding patent litigation between the companies concerning their respective insurance claims management software. San Mateo,...
View ArticleAccenture to Team with SAS Institute for Sweden’s Folksam Solvency II Regs
Global management consulting, technology services and outsourcing company Accenture announced that it will team with SAS Institute “to implement the SAS Risk Management for Insurance solution...
View ArticleP/C Insurance Analysts’ Expectations Climbing: Accenture
Although returns-on-equity for the property/casualty insurance industry are lagging in the mid-to-upper single-digit range, equity analysts expect companies they recommend with “Buy” ratings to garner...
View ArticleCGI Loses Obamacare Contract to Accenture: Report
CGI Group Inc., the company that built the federal Obamacare website, will be replaced next month when its contract with the U.S. government expires, a person familiar with the decision said. The Obama...
View ArticleThe ‘Switching’ Economy: Consumers Open to Buying Insurance from Google,...
New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who...
View ArticleInsurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms...
View ArticleEfma & Accenture Launch Global ‘Innovation in Insurance’ Award Program
Efma, a Paris-based association of 3,300 financial services companies from more than 130 countries, and Accenture have launched “Innovation in Insurance,” a program that aims to identify and award the...
View ArticleUK’s Towergate Hires Accenture to Manage IT Infrastructure Transformation
Towergate, Europe’s largest independently owned insurance intermediary, is undertaking an IT infrastructure transformation across its entire business to address challenges posed by legacy systems and...
View ArticleGlobal Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech...
View ArticleNominations Announced for 1st Efma-Accenture Innovation in Insurance Awards
Nominations have been announced for the first Efma-Accenture Innovation in Insurance awards, launched this year to identify and award the most innovative insurance initiatives and projects around the...
View ArticleData Theft by Employees Affects 69% of Businesses: Accenture Survey
As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s...
View ArticleInternet of Things Is Industry Disruptor that Could Benefit Innovators: Efma...
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes,...
View ArticleCorporations Have ‘Alarmingly High’ Failure Rate with Their Cyber Defenses:...
About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported...
View ArticleEfma & Accenture Invite Entries for 2nd Annual Innovation in Insurance Awards
Efma and Accenture have issued a joint call for entries for the second annual Innovation in Insurance Awards, with insurance and bancassurance companies invited to submit their entries by March 8,...
View ArticleRobo-Insurance Agents? Bring ‘Em On, Phygitally, Say Consumers
Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their banking, insurance and...
View ArticleChina’s Fintech Investments in 2017 May Exceed 2016’s Record $10B: Accenture
Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to...
View ArticleArtificial Intelligence, IoT Startups Gaining in Global Insurtech Funding
Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and...
View ArticleInsurers Increasingly Embrace Robots over Humans for Customer Service
Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you’ll just as likely end up dealing with a robot as a...
View ArticleDisruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards
Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in...
View ArticleHow Autonomous Vehicles Will Grow Auto Insurance Before Shrinking It
Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the insurance industry over the next eight years, according to a report from Accenture and Stevens Institute of...
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